Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Dairy cooperative Tirlán is to cut 150 jobs in a round of voluntary redundancies as part of a cost saving programme designed to ensure its long term competitiveness.
Tirlán, formerly Glanbia Co-Op, is a farmer-owned dairy and grain co-operative and currently employs around 2,370 people. Turnover at the company declined 17% to just over €2.5bn in 2023 and profits decreased 5% to €68.3m due to lower milk prices and inflationary pressures such as energy, interest rates, wages and environmental compliance.
Eurofound (2024), Tirlan, Internal restructuring in Ireland, factsheet number 201346, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201346.